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Sep 28, 2012
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but the fbi will not go to benghazi. they are in tripoli at our embassy there which has good security. they will not go to benghazi because the security is so awful. even now, 12, 14 days after the attack. so you have got to know that these al qaeda terrorist crazies, they knew that, and they were gunning for our ambassador and the white house was informed of it right away and they are covering that up, jack jacobs. >> it is absolutely true. now it's known the fbi is not only in benghazi, they are not going either. indeed it is even worse than that. there is a large number of witnesses whom they could interview in benghazi who will not go to tripoli to get interviewed by the fbi. they are very much concerned about their names being released, their families being in trouble. if they testify. they are not going anywhere. the fbi is not going to give any information from people who were on the ground and know what happened in benghazi. >> jennifer rubin, back to you. interesting. a bloomberg news poll, mitt romney is now pl
but the fbi will not go to benghazi. they are in tripoli at our embassy there which has good security. they will not go to benghazi because the security is so awful. even now, 12, 14 days after the attack. so you have got to know that these al qaeda terrorist crazies, they knew that, and they were gunning for our ambassador and the white house was informed of it right away and they are covering that up, jack jacobs. >> it is absolutely true. now it's known the fbi is not only in benghazi,...
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Aug 6, 2012
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but as i said, the fbi's working with local officials and they're still investigating what motivated this individual. and as we find out more, i suspect that not only the white house but others in congress and at the local level will have more to say. all right? thank you very much, everybody. thank you. >> president obama speaking about the tragic wisconsin shooting yesterday. we've got lots more things coming ahead on "street signs." another major story is the mars rover mission s. this proof we need nasa after all? >>> audi's hot new ride hitting show rooms in america. we'll hear from the head of uaui usa and whether they're ready to take on the big three in luxury. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. you know, ronny... folks who save hundreds of dollars by switching to geico sure are ha
but as i said, the fbi's working with local officials and they're still investigating what motivated this individual. and as we find out more, i suspect that not only the white house but others in congress and at the local level will have more to say. all right? thank you very much, everybody. thank you. >> president obama speaking about the tragic wisconsin shooting yesterday. we've got lots more things coming ahead on "street signs." another major story is the mars rover...
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Oct 12, 2012
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the fbi has launched an investigation on congressman jesse jackson, jr. cnbc's own bertha coombs joins with us all of that and all of the latest breaking headlines coming into the cnbc newsroom. evening. >> good evening, larry. the fbi and federal prosecutors have launched a investigation of jesse jackson, jr., this time for possible misuse of funds monitored by congress, that according to nbc news. jackson has been on medical leave since june. >>> and it's official again. the treasury today became the latest to confirm the government deficit topped $1 trillion once again. the treasury says the deficit was roughly 7% of gdp and, larry, the nobel peace prize goes to the eu. the nobel committee gave the prize to the european union acknowledging the 27 blocks advancement and a peace and reconciliation and i know a lot of people think this is ridiculous, but when you think about the history there and the fact that these countries 100 years ago and what they're doing is hard, maybe it's a reminder. >> they should have given them to them 70 years ago and this i
the fbi has launched an investigation on congressman jesse jackson, jr. cnbc's own bertha coombs joins with us all of that and all of the latest breaking headlines coming into the cnbc newsroom. evening. >> good evening, larry. the fbi and federal prosecutors have launched a investigation of jesse jackson, jr., this time for possible misuse of funds monitored by congress, that according to nbc news. jackson has been on medical leave since june. >>> and it's official again. the...
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Feb 4, 2012
02/12
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. >>> and finally tonight, the fbi admits the international group of hackers known as anonymous were also eavesdroppers. the bureau says the hackers listened in on a supposedly confidential call between the fbi, scotland yard, and other international police agencies about that group. a 16-minute tape of the call showed up online today. all right. up next on "kudlow," president obama says today's jobs report is proof the economy is picking up steam. the republicans are pointing out it's nothing compared to the reagan recovery. i don't know. i think it's proof that big government bailouts and stimulus pale in comparison to the strength of the free enterprise resilient capitalist economy. but we'll debate when "kudlow" comes back. >>> today's jobs report looks like a game changer to me. are happy days here again? however, republicans are correctly noting that 31 months into the reagan recovery 8.7 million jobs were created. during the same 31 months under president obama only 1.9 million. the post-war average, by the way, at this stage of recovery is 3.9 million. all right. let's talk.
. >>> and finally tonight, the fbi admits the international group of hackers known as anonymous were also eavesdroppers. the bureau says the hackers listened in on a supposedly confidential call between the fbi, scotland yard, and other international police agencies about that group. a 16-minute tape of the call showed up online today. all right. up next on "kudlow," president obama says today's jobs report is proof the economy is picking up steam. the republicans are...
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Apr 6, 2012
04/12
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. >> our crime lab functions just like a crime lab for the fbi or for atf or any other agency that's out there. we see hundreds of cases a year that come through the lab. >> quick: in the latent-print lab, diode class 4 laser testing can tie an individual to a suspicious document. so, is that enough to positively identify who touched something, without an inch of doubt? >> absolutely. >> quick: luminescent testing uses filters to reveal that, first, one type of ink... >> depth of filters. >> quick: ...and then another were used on this forged check. okay, so that means it's different ink? this is telling me that that check was originally written out to mr. thomas here, and that was a check for $1,000, not $21,000. >> correct. >> the dollar amounts can be pretty staggering -- hundreds of millions of dollars in false returns that have been filed. and we see those tax returns come through here. it's like what we describe as an investigative pie. >> quick: another slice of the pie? computer specialists, who work 95% of cid's cases each year, scour suspect hard drives for clues to tax fra
. >> our crime lab functions just like a crime lab for the fbi or for atf or any other agency that's out there. we see hundreds of cases a year that come through the lab. >> quick: in the latent-print lab, diode class 4 laser testing can tie an individual to a suspicious document. so, is that enough to positively identify who touched something, without an inch of doubt? >> absolutely. >> quick: luminescent testing uses filters to reveal that, first, one type of ink......
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Sep 11, 2012
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one is working for security, fbi. another in the da's office. they make about $250,000 as a couple after they pay for the kids and the food and whatever they need just to get by, they don't have a lot of money left over. where does this number, $250,000 for a couple, come from? do you really think $200,000 for an individual, that person should be paying higher taxes in this economy right now? is that the number? >> look, i think we need to price our product. the things we have government buy, whether it's defending our country abroad, building roads at home, providing education, providing law enforcement, cia to keep us safe, nih, whatever it is -- >> you're saying yes. >> we need to make a determination. do we want it? if we don't want it, then we don't have to pay for it. if we want it, yes, we need to pay for it. who's going to pay for it? those people who have resources to help pay the bills of our country. we made decisions. we're buying a lot. the republicans, frankly, in my view, have not cut spending under ronald reagan or under george b
one is working for security, fbi. another in the da's office. they make about $250,000 as a couple after they pay for the kids and the food and whatever they need just to get by, they don't have a lot of money left over. where does this number, $250,000 for a couple, come from? do you really think $200,000 for an individual, that person should be paying higher taxes in this economy right now? is that the number? >> look, i think we need to price our product. the things we have government...
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Nov 21, 2012
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and the fraud office in the uk and some say the fbi involved in the investigation. >> fascinating story, though that's still developing. let's get to carl who's on the floor. carl? >> thank you very much, melissa. fresh from the opening bell we want to we will comb amy, executive producer of the annual macy's thanksgiving day parade, celebrating its 86th year televised tomorrow on nbc from 9 a.m. eastern until noon. also a man who needs no introduction. i've been told it's santa, not mr. claus, just santa. >> we're all on a first name basis. >> we're going down sixth avenue, wide, straight street. parades love to go straight, not make a lot of turns. the sidewalks are wider so more people can see it. more people can see santa. >> 3 million people watching in town, 50 million on television. new floats, elf on the shelf, hello kitty, papa smurf. >> brand new balloons. and the artist cause is bringing to bring his alter ego to life. >> obviously, new york's been through a lot the past few weeks. did sandy alter preps? >> our parade studio is in new jersey in a town that was deeply affected
and the fraud office in the uk and some say the fbi involved in the investigation. >> fascinating story, though that's still developing. let's get to carl who's on the floor. carl? >> thank you very much, melissa. fresh from the opening bell we want to we will comb amy, executive producer of the annual macy's thanksgiving day parade, celebrating its 86th year televised tomorrow on nbc from 9 a.m. eastern until noon. also a man who needs no introduction. i've been told it's santa,...
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May 11, 2012
05/12
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. >>> the fbi launching a nationwide ad campaign against corporate espionage today. it's a reflection of a growing concern that corporate espionage is eroding the country's economic edge. eamon joins us with more. >> this is something the fbi has never done before, a nationwide advertising campaigns, all targeting corporate espionage. the fbi telling me yesterday that they think about $13 billion in american corporate secrets have been stolen by foreign agents just in their current caseload alone. i spoke to the head of the fbi's counterintelligence division yesterday and he told me what those foreign spies are looking for. >> they're looking for everything from price lists to the latest pharmaceutical research, marketing strategies, new product information. typically whatever you view as your crown jewels at your company is likely the farg et of morning economic espionage. >> the fbi told me there are several thing togs look to when looking for potential insiders because that's where this threat is coming from. take a listen. >> there are warning signs and indicator
. >>> the fbi launching a nationwide ad campaign against corporate espionage today. it's a reflection of a growing concern that corporate espionage is eroding the country's economic edge. eamon joins us with more. >> this is something the fbi has never done before, a nationwide advertising campaigns, all targeting corporate espionage. the fbi telling me yesterday that they think about $13 billion in american corporate secrets have been stolen by foreign agents just in their...
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Dec 21, 2012
12/12
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been a tough year for him, a married father of three who fainted at one point from anxiety when the fbi visited his home. but the question looming large over this case all along has been what it means for steve cohen. the government has reportedly been trying to make a case for years. martoma is the sixth s.a.c. employee to be implicated. and yet the idea of another form he sac trader's indictment can hardly be good news for cohen, the fact that the government didn't win martoma's cooperation in building a case against cohen surely must be a relief. martoma's lawyer has said consistently that his client is nnt innocent of the charges and defense attorneys expect martoma to plead not guilty at his next court appearance. nonetheless, he could choose to flip at any time, maria, and the government, of course, is still working other angings. sac for its part is not commenting today. >> kate, let me ask you about this because so many on wall street are looking at this story closely because they want to see if steve cohen, the founder of the firm, will be taken down. they've been circling this
been a tough year for him, a married father of three who fainted at one point from anxiety when the fbi visited his home. but the question looming large over this case all along has been what it means for steve cohen. the government has reportedly been trying to make a case for years. martoma is the sixth s.a.c. employee to be implicated. and yet the idea of another form he sac trader's indictment can hardly be good news for cohen, the fact that the government didn't win martoma's cooperation...
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Aug 16, 2012
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the fbi is looking for a smooth operator accused of taking $65 million from investors in an alleged fake mutual fund scheme. don't let it happen to you. watch tonight.
the fbi is looking for a smooth operator accused of taking $65 million from investors in an alleged fake mutual fund scheme. don't let it happen to you. watch tonight.
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Aug 20, 2012
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what i don't understand is why the fbi is investigating. what's that about? >> i have no idea. they've got their own issues, it seems to me. let me ask about obama's press conference today. he e denied what stephanie cutter said. this is so important. stephanie cutter, the deputy campaign manager for team obama said, quote, romney committed a felony or lied to voters. this is respect to when romney officially signed out of bain capital and s.e.c. papers. he committed a felony or lied to voters. today in obama's press conference he was asked directly. he said, no one said felony. no one said he lied to voters. is that cognitive dissonance to be polite? >> no. obama is desperate. it's going to be the war on women and republicans are racists, liars, felons. we just have such a dynamite ticket. their rally in new hampshire today, i would have preferred to be the news all day rather than a senate candidate in missouri or skinny dipping or what obama said. i don't know if you saw the new hampshire rally. it was fantastic. it was designed by romney. they are extremely articulate. i lo
what i don't understand is why the fbi is investigating. what's that about? >> i have no idea. they've got their own issues, it seems to me. let me ask about obama's press conference today. he e denied what stephanie cutter said. this is so important. stephanie cutter, the deputy campaign manager for team obama said, quote, romney committed a felony or lied to voters. this is respect to when romney officially signed out of bain capital and s.e.c. papers. he committed a felony or lied to...
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Feb 9, 2012
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again, the fbi releasing an fbi file on steve jobs. back to you. >> absolutely fascinating. and goes back to what walter isaacson called his reality distortion field, in the biography. and it was talked about the fbi years earlier. thank you, hampton. >>> don'tforget to tweet us as the stock act hits the house floor today. we want to know which beltway insider would you want to handle your money and why? answers after the break. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. hyundai genesis. in a new, faster-acting formula. zero-to-sixty in less time than a porsche panamera s. the 429 horsepower genesis r-spec. from hyundai. weight loss pr
again, the fbi releasing an fbi file on steve jobs. back to you. >> absolutely fascinating. and goes back to what walter isaacson called his reality distortion field, in the biography. and it was talked about the fbi years earlier. thank you, hampton. >>> don'tforget to tweet us as the stock act hits the house floor today. we want to know which beltway insider would you want to handle your money and why? answers after the break. sometimes investing opportunities are hard to spot....
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Sep 20, 2012
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we should note that the fbi said that this problem largely affected the small to medium sized banks and credit unions, those large banks of course are not excluded from this. back to you. >> in a collective move, the defense secretary leon panetta is in china this week. he met with china's likely heir apparent who was of course inexplicably missing from the public scene until just a few days ago. japanese attacks on our u.s. companies and the infrastructure, panetta says he brought up the issue at every session but came away with little more than agreements to keep talking with the chinese. >> indeed, simon. a federal reserve report out today shows household net worth in the u.s. fell between april and june of this year. household debt rose a rate of 1.3%. that's the biggest jump since the first quarter of 2008. >>> jpmorgan meanwhile is ramping up its call on the s&p 500. they are expecting a melt-up into election day with the s&p exceeding 1,495 short term. jeff kilburg, what do you think. >> it is hard to disagree with this. one week ago chairman bernanke essentially green lighted al
we should note that the fbi said that this problem largely affected the small to medium sized banks and credit unions, those large banks of course are not excluded from this. back to you. >> in a collective move, the defense secretary leon panetta is in china this week. he met with china's likely heir apparent who was of course inexplicably missing from the public scene until just a few days ago. japanese attacks on our u.s. companies and the infrastructure, panetta says he brought up the...
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Oct 8, 2012
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administrator a couple years ago when he was going it to outreach with muslims and we had it with the fbi director last year when he met with muslim groups. it's one thing to create diversity transformation, but it's another thing to use taxpayer money for these things when it's not what the agencies are about. it's clearly inappropriate. >> this is the agriculture department. what does this have to do chanting our forefathers were immigrants? fine. what does chanting that have to do with the mission of the u.s. department of agriculturagricul. i don't understand na. >> absolutely nothing. what happened is over the years there was some discrimination aat the usda. then they brought in a program called pickford, and billions were paid out on fraudulent loan applications in the usda. the usda put into effect during the obama administration to try to reach out to minority groups. that's a worthy goal, but you don't do it with taxpayer money when it's irrelevant to the mission of the agency. frankly, it's something to be done in a different way. >> this has a gsa feel to it. it has nothing to
administrator a couple years ago when he was going it to outreach with muslims and we had it with the fbi director last year when he met with muslim groups. it's one thing to create diversity transformation, but it's another thing to use taxpayer money for these things when it's not what the agencies are about. it's clearly inappropriate. >> this is the agriculture department. what does this have to do chanting our forefathers were immigrants? fine. what does chanting that have to do with...
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Nov 16, 2012
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i don't think the right answer is that you have to go to the fbi in every single case. but what ceos should recognize is there are some people in the government who can help out. the fbi has a lot of capacity and they could help mitigate the overall risk to some of these cyber intrusions. department of homeland security with the department of defense can be helpful. usually in one of the attacks the first attack you discover is not really what you should be worried about. meanwhile all of your intellectual property flows out the door for two years or secret information about transactions you may be working on is going to another country or another firm. if you see one incident it's worth it as a leader to take it sear yuzly and probably go to the fbi. >> should you assume everything in your e-mail is being read by somebody else? >> you should not assume everything is being read by the government. we of course take the fourth amendment seriously and from an operational perspective there's no reason why the fbi, the national security agency wants to read everyone's e-mail
i don't think the right answer is that you have to go to the fbi in every single case. but what ceos should recognize is there are some people in the government who can help out. the fbi has a lot of capacity and they could help mitigate the overall risk to some of these cyber intrusions. department of homeland security with the department of defense can be helpful. usually in one of the attacks the first attack you discover is not really what you should be worried about. meanwhile all of your...
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Sep 27, 2012
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. >> the security was highly -- security is so bad that the fbi won't even even go in now to investigate the case. and i want to stay with this. what about this coverup? >> it is a coverup. >> susan rice goes out and basically lies to the american people on a number of news shows, we now know that the administration knew right away that this was a pre-planned al qaeda terrorist operation and they lied and now they're covering up the lie. >> within 24 hours they knew it was an al qaeda operation. >> so that's why they don't want obama loose on this foreign policy. >> obama never takes -- he never says i'm to blame. it's always george bush is to blame, somebody else is to blame. he's never to blame. he is to blame. it's on his watch. >> go ahead, mark. >> the one thing that i have to say in defense of the administration here, and i know the security situation in the north africa quite well because of my own experience. it was confusing in the beginning. but it's no excuse if going out there and trotting out some alibi that it was not a terrorist attack. so i agree with that. but the one th
. >> the security was highly -- security is so bad that the fbi won't even even go in now to investigate the case. and i want to stay with this. what about this coverup? >> it is a coverup. >> susan rice goes out and basically lies to the american people on a number of news shows, we now know that the administration knew right away that this was a pre-planned al qaeda terrorist operation and they lied and now they're covering up the lie. >> within 24 hours they knew it...
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Jun 29, 2012
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>>> peter madoff was picked up by the fbi this morning with a first court appointment at 11:00 a.m. mary thompson has the next step for him. mary? >> reporter: looking over my left shoulder, we are waiting on mr. madoff to exit the building along with his lawyers. earlier this morning, he pled guilty to two charges linked to his brother's ponzi scheme, as expected. in a statement to the court, the 66-year-old peter madoff said during his 40 years working for his older brother never had any idea he was operating this kind of investment fraud, telling the court about the brother, i revered and trusted him implicitly. i thought he was a brilliant trader and adding many on wall street thought the same thing and peter madoff said he was guilty of certain actions allowing his brother to set up a legitimate cover to operate this ponzi scheme, general counsel and chief compliance officer at the firm he failed to go over paper work bernie madoff filed with false information and allowed him to set up the false or an investment advisory firm and conducted the ponzi scheme and peter madoff said
>>> peter madoff was picked up by the fbi this morning with a first court appointment at 11:00 a.m. mary thompson has the next step for him. mary? >> reporter: looking over my left shoulder, we are waiting on mr. madoff to exit the building along with his lawyers. earlier this morning, he pled guilty to two charges linked to his brother's ponzi scheme, as expected. in a statement to the court, the 66-year-old peter madoff said during his 40 years working for his older brother...
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Jul 13, 2012
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48-hour commitment process that he had to get through and at that point the federal prosecutors, the fbi, were standing by ready to arrest him as soon as the hospital gave the go-ahead. >> thank you very much, scott cohn in iowa with the latest. >>> let's look at where we are on the dow. a powerful rally today. up 174 points. joining me here at the new york stock exchange, steven gillfoyle. trying to gauge -- this is clearly a broad based rally. is this a turning point in sentiment, do you think? >> very possibly. i mean, where we saw out of china last night gave a positive spin this morning, possible easing out of the pboc. that's in the offing or maybe fiscal easing in china and then the earnings of the financials today. positive wells fargo and for jpmorgan looks like it's under control. the stock's up $2. the financials probably leading the way today. worst performers is probably utilities. >> right. okay. so it's kind of a mishmash, isn't it? basically seeing everything on the positive. growth is slowing in china and i assume that the pboc will do something if i look at when's happe
48-hour commitment process that he had to get through and at that point the federal prosecutors, the fbi, were standing by ready to arrest him as soon as the hospital gave the go-ahead. >> thank you very much, scott cohn in iowa with the latest. >>> let's look at where we are on the dow. a powerful rally today. up 174 points. joining me here at the new york stock exchange, steven gillfoyle. trying to gauge -- this is clearly a broad based rally. is this a turning point in...
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Feb 17, 2012
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and insinuating that it was improper. >> kinnucan chose not to cooperate with the fbi. didn't wear a wire. wouldn't try to help them in terms of the investigation of some of his clients. ultimately, though, his business has suffered and one has to question his judgment as well given some of the e-mails and the like and the threats, perhaps, that he has brought to bear against other people in the judicial system. that's not part of the charges from last night. it is simply an arrest on securities fraud. this is what he had to say about a year and a half ago. >> i have done nothing wrong. my clients have done nothing wrong. and i just felt it was the right thing to do. you know, i've -- i've -- i guess i've been dragged along the pavement a few hundred feet underneath a bus and lost a loan at 40 below in the brooks range. to me this is just another chapter and i'm just trying to do the right thing. >> all right. mr. kinnucan has finally, because it does take a long time, those wheels of justice move quite slowly. we'll have more, perhaps, as we get it. back to you, meliss
and insinuating that it was improper. >> kinnucan chose not to cooperate with the fbi. didn't wear a wire. wouldn't try to help them in terms of the investigation of some of his clients. ultimately, though, his business has suffered and one has to question his judgment as well given some of the e-mails and the like and the threats, perhaps, that he has brought to bear against other people in the judicial system. that's not part of the charges from last night. it is simply an arrest on...
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Oct 18, 2012
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if not for the fbi -- >> they sold him the bomb. it does tell you our intelligence agency -- >> they're doing a lot of the things. >> there may be a little profiling if you come from that part of the world and they're not sure what the reason is, and there's a possibility, i think -- i mean the fbi must have put itself in a position to be accessible to the guy in a certain way, right, and i mean, you've seen how many times in the past entrapment and crooks talk about entrapment but we were there providing but obviously we gave it to him okay, let's see what he does with it. drove it and parked it right there and he's got the cell phone, going, crap, this won't, you know, and then you move in. >> like a bad movie. terrible. >> yes, exactly, but you wonder what a 21-year-old guy on a student visa would ever be able to procure a bomb on his own? >> they could figure out how to make it. >> fertilizers and things, it can happen. >>> let's talk the economy, the financial sector and politics maybe with our guest host, in the past i've seen
if not for the fbi -- >> they sold him the bomb. it does tell you our intelligence agency -- >> they're doing a lot of the things. >> there may be a little profiling if you come from that part of the world and they're not sure what the reason is, and there's a possibility, i think -- i mean the fbi must have put itself in a position to be accessible to the guy in a certain way, right, and i mean, you've seen how many times in the past entrapment and crooks talk about...
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May 16, 2012
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involve criminal. >> wouldn't you like the fbi -- they didn't really go after aig. they dropped that case. they didn't go after countrywide. that's where real people got hurt. okay. moms and pops got hurt. this did not hurt moms and pops. but, look, criminals is criminal. you never want to mess with the fbi. i'm a big believer in the justice department. maybe they have something i don't know about. >> all right. we'll keep an eye on that. as you know, david faber was the big winner in last night's power players episode of "jeopardy." we caught up with the man, the legend alextrebek. >> i thought david played extremely well. he found a few categories that seemed to be his liking. >> best sellers forred 4dz hundr -- sellers for $400. >> that helps a lot. once you develop a little momentum, it intimidates your opponents. >> i pledge $30.7 billion to this man's foundation. >> what is the gates foundation. >> and they start instead of watching the clues and ring in first, they start concentrating on you and saying oh, he's doing really well. and they become spectators in
involve criminal. >> wouldn't you like the fbi -- they didn't really go after aig. they dropped that case. they didn't go after countrywide. that's where real people got hurt. okay. moms and pops got hurt. this did not hurt moms and pops. but, look, criminals is criminal. you never want to mess with the fbi. i'm a big believer in the justice department. maybe they have something i don't know about. >> all right. we'll keep an eye on that. as you know, david faber was the big winner...
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upload.com counseleder kim.com, he did change his name was one of four arrested in january as part of an fbi investigation. what are you laughing about. >> really? >> that's not his real name is what you're saying. what about ochocinco, was that his real name? >> prosecutors say that dot-com, it's very hard to talk about him like that, was the ring leader of a group that made $175 million. >> it wasn't kim before he changed -- >> this is unfair to read this story this way. he was in court for an appeals hearing and the u.s. is now appealing a ruling that requires it to disclose the evidence they may have against him. dot-com, a german national, it's hard to say it. >> i want to see him do the -- >> -- is fighting extradition from the united states to new zealand, that is the story. >> it's hard to refer to someone as dot-com. >> remember madoff pushed back, that guy could push back and everyone would go flying, all 16 people. do you remember the madoff tape in. >> i do and there is mr. dot-comhimself. if you have comments, questions, anything you hear on the circus that is "squawk" this morn
upload.com counseleder kim.com, he did change his name was one of four arrested in january as part of an fbi investigation. what are you laughing about. >> really? >> that's not his real name is what you're saying. what about ochocinco, was that his real name? >> prosecutors say that dot-com, it's very hard to talk about him like that, was the ring leader of a group that made $175 million. >> it wasn't kim before he changed -- >> this is unfair to read this story...
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the fbi says 6% of the cases are ever solved. most thefts remain who done its? like the infamous heist at the garden museum. in 1990 two men dressed as police officers entered the museum and overpowered two guards. >> they tied the guards up and for the next hour or so they stole a number of pieces, a number of rembrandts. >> 12 pieces were stolen in all. today empty frames still hang in the dutch room gallery of the museum. they are a constant reminder that none of the paintings have ever been recovered and no arrests have ever been made. that collection was worth $500 million. considered the single largest property crime in the history of this country. for more on art theft and forgery and art for the taking, tonight's "crime inc" here on cnbc tonight at 9:00. when they pitched this idea to us i thought it was about cat burglars and lasers, but it turns out to be a lot of that. a lot of it happens in weekend homes in south hampton where there's nobody home, where there are great collections going on. once you lose it, we talk to people who had to go and buy it
the fbi says 6% of the cases are ever solved. most thefts remain who done its? like the infamous heist at the garden museum. in 1990 two men dressed as police officers entered the museum and overpowered two guards. >> they tied the guards up and for the next hour or so they stole a number of pieces, a number of rembrandts. >> 12 pieces were stolen in all. today empty frames still hang in the dutch room gallery of the museum. they are a constant reminder that none of the paintings...
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face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it's not just in technology. it's in other areas of business where intellectual property in general is being stolen, allegedly by chinese hackers and chinese corporations. think of how many u.s. companies we talk about who want to make inroads into china and they fear retribution, being locked out of a market, that's a bottom-line fear. when i heard that these companies were being invested and could face some sort of punishment or blocked from entering the u.s. market, i thought immediately, is cisco going to feel the same impact in china? are other companies going to feel the impact of being able to do business in china? >> chinese cyber espionage has only ratcheted up dramatically over the last
face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it's not just in technology. it's in other areas of business where intellectual property in...
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fbi and sec has an investigation. that didn't mean anybody's done anything wrong. but for me what it says is that we've got over 300 regulations not just us from it the financial reform and only about a third of them are done. and this will should be a sort of cold slap in the face for us to get on with it and put the hammer down and get some of these things on the books like congress told us. it's not discretionary. we're not congress. congress mandated we do this and we should get on with it. so that's pretty much the position. >> i hear what you're saying and i did read the op-ed. but at the same time, what dodd-frank or any of the other rules or regulations have prevented something like this? >> we have a better view of what it was at the very least. it this whole area of trading over the counter products and these credit derivative productses that's been off of our radar screen completely. we don't have a view of it yet. it's a huge amount. this is part and park sell of the economic collapse. these are hundred wills of trillions of dollars. and what we current
fbi and sec has an investigation. that didn't mean anybody's done anything wrong. but for me what it says is that we've got over 300 regulations not just us from it the financial reform and only about a third of them are done. and this will should be a sort of cold slap in the face for us to get on with it and put the hammer down and get some of these things on the books like congress told us. it's not discretionary. we're not congress. congress mandated we do this and we should get on with it....
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it's the fbi. >> not even defense stuff. they would like to steal -- >> everything it sounds like. >> commercial. >> high-tech stuff or even consumer stuff? yeah? >> you know, i have -- we have encountered and described, yeah, they go after let's call it technology of any kind where they could then recreate the technology back in china and manufacture it at a cheaper price. not paying for the r&d and extends to things as well like correspondence between the ceo and cfo and i know it for fact. if there's a resource deal going on in the world, the chinese want to know about it and likelihood is they know about it spying on the companies involved. >> david, have you seen what they have done with it? meaning, is there proof on the other end we have seen them take that information and use it meaningfully? >> that's where it's more circumstantial. we can draw a logical conclusion, perhaps beyond a reasonable doubt but nonetheless the chinese deny they're involved whatsoever and the linkages between the chinese government and ma of
it's the fbi. >> not even defense stuff. they would like to steal -- >> everything it sounds like. >> commercial. >> high-tech stuff or even consumer stuff? yeah? >> you know, i have -- we have encountered and described, yeah, they go after let's call it technology of any kind where they could then recreate the technology back in china and manufacture it at a cheaper price. not paying for the r&d and extends to things as well like correspondence between the ceo...
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we'll have details on a rogue virus and the fbi's attempt to stop it. it's monday, july 9, 2012 and "squawk box" begins right now.
we'll have details on a rogue virus and the fbi's attempt to stop it. it's monday, july 9, 2012 and "squawk box" begins right now.
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michael douglas is appearing in a public service announcement for the fbi warning investors about the dangers of insider trading. take a look. >> the point is ladies and gentlemen, that greed, for lack of a better word, is good. greed is right. >> hello. i'm mikell michael douglas. in the movie "wall street" a greedy investors who cheated for profits. the moovie was fiction, but the problem was real. our economy is dependent on the success and integrity of the financial market. if a deal looks too good to be true, it probably is. for more information on how you can help identify securities fraud, or to report insider trading, contact your local fbi office or submit a tip online at www.fbi.gov. thank you. >> that's a look at the new psa starring michael douglas. like at oil today. got headlines about trans canada re-applying for the keystone pipeline, which has been a huge deal politically not only for the energy markets but the upcoming election as well. trans canada will re-apply. we should mention gasoline getting all kinds of interesting headlines today. nbc 4 here in new york repo
michael douglas is appearing in a public service announcement for the fbi warning investors about the dangers of insider trading. take a look. >> the point is ladies and gentlemen, that greed, for lack of a better word, is good. greed is right. >> hello. i'm mikell michael douglas. in the movie "wall street" a greedy investors who cheated for profits. the moovie was fiction, but the problem was real. our economy is dependent on the success and integrity of the financial...
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kayla tausche will join us from there in the next half hour. >>> and the fbi and s.e.c. are probing allegations about hewlett-packard's purchase of autonomy. saying it was the victim of a multibillion dollar fraud, they didn't use the word fraud, but every word short of fraud. they say that they were -- they had uncovered huge accounting issues at the british company it bought last year. in the meantime, autonomy founder and former ceo told cnbc he was shocked by these allegations and blamed h.p. for mismanagement. this summer, they were called the ultimate value trap, warning about the alpha conference. h he joined us on the line this morning. >> it was pretty clear if you looked at autonomy's books over time that it was in a very, very aggressive roll-up. it was buying other companies, it was writing them down before it bought them and putting all kinds of good will on its books. which for most accounting mai i way to play earnings games going forward. it appears us to us that's what autonomy was doing. >> he said he watched in horror as hp paid a huge premium on that
kayla tausche will join us from there in the next half hour. >>> and the fbi and s.e.c. are probing allegations about hewlett-packard's purchase of autonomy. saying it was the victim of a multibillion dollar fraud, they didn't use the word fraud, but every word short of fraud. they say that they were -- they had uncovered huge accounting issues at the british company it bought last year. in the meantime, autonomy founder and former ceo told cnbc he was shocked by these allegations and...
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and of course, the fbi is looking in to that. in the states i've talked to, a couple of executives in new york who have been visited by the fbi, asking them about their work at news corporation. i think the big question is, we clearly, to my mind, it doesn't seem like there's any way, regardless of what murdoch says and what he wants, they're going to be able to hold onto these papers at the end of the day. the question now is, does it spread any further than that. is it something they could really localize in britain? and come what may, however bad this gets in the uk, is it going to be something that spreads beyond that? >> kayla? >> you know, i think that that's going to increasingly be the question. and sarah, you know this very well, but you know, it's more of an egocentric funnel of assets than one that generates a good bit of revenue for news international. the question is whether, you know, whether any of the executive roles would need to be split, whether those assets can stay in-house. that's really going to be the ques
and of course, the fbi is looking in to that. in the states i've talked to, a couple of executives in new york who have been visited by the fbi, asking them about their work at news corporation. i think the big question is, we clearly, to my mind, it doesn't seem like there's any way, regardless of what murdoch says and what he wants, they're going to be able to hold onto these papers at the end of the day. the question now is, does it spread any further than that. is it something they could...
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the fbi -- >> you called him general petraeus? >> no, that was your hair. >> what about the fbi agent who is sending shirtless pictures of himself prior to the investigation? it's like a -- >> you think he should go the full monty? >> and now colonel allen is involved in this somehow. i mean, i'm telling you, this is like a soap ap practiopera. >> it is. but i have no idea what to quote. viagra? pfizer? i have no idea how we make this a business story. but let's get to congress. as we mentioned, when you say lame, it just seems like you could always use that with congress. but in this case it's a lame duck returning to session. legislators facing a seven week deadline to reach agreement on scheduled tax hikes and budget cuts that threaten to send the u.s. almost off a fiscal cliff. a sum met set for friday. i like the "new york times." democrats like a romney idea. >> did you see paul ryan's comment? >> no. but i got my button back on because i'm -- i'm going to tell that you rise above is kind of like a rorschach thing. because f
the fbi -- >> you called him general petraeus? >> no, that was your hair. >> what about the fbi agent who is sending shirtless pictures of himself prior to the investigation? it's like a -- >> you think he should go the full monty? >> and now colonel allen is involved in this somehow. i mean, i'm telling you, this is like a soap ap practiopera. >> it is. but i have no idea what to quote. viagra? pfizer? i have no idea how we make this a business story. but...
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. >> when we come back, a former fbi agent turned art hunter. we'll talk about how he recovered $300 million in stolen art. a cnbc special called "ripping off the rich." let's pop in on the squawk green room and see who is hanging out this morning. it's david reububensteirubenste. it's all coming up at the top of the hour. >> tomorrow on "squawk box," guest host jim grant will join us for two hours to talk europe, the u.s. economy and the markets. plus, quarterly results from dow component pfizer. don't miss "squawk box" starting tomorrow at 6:00 a.m. eastern. [ male announcer ] every day, the world gets more complex. and this is what inspires us to create new technology. ♪ technology that connects us to everything the world has to offer and vice versa. ♪ technology that makes lightweight stronger, safer, and faster than ever before. ♪ technology that makes electric electrifying and efficiency exhilarating. ♪ technology that doesn't just drive us, but drives progress. ♪ and driving progress is what we do every day. ♪ ♪ ♪ this is
. >> when we come back, a former fbi agent turned art hunter. we'll talk about how he recovered $300 million in stolen art. a cnbc special called "ripping off the rich." let's pop in on the squawk green room and see who is hanging out this morning. it's david reububensteirubenste. it's all coming up at the top of the hour. >> tomorrow on "squawk box," guest host jim grant will join us for two hours to talk europe, the u.s. economy and the markets. plus, quarterly...
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the fbi has found no evidence so far that any phones were hacked inside the united states. but those payments to scotland yard police officers, over $100,000, that is being examined as to whether that's a violation of the foreign corrupt practices act, the anti-u.s. bribery law. in addition, in addition, there's a former news corp. subsidiary in russia called news outdoor russia that is being investigated by the fbi for whether they paid bribes to russian officials for the placement of billboards in russia. and finally, and this is also pretty significant, there is now an industry-wide inquiry by the securities and exchange commission and the justice department into hollywood firms that may have paid bribes to officials in china. twentieth century fox is one of the companies that's the focus of that investigation. so, what we have now is, essentially, a worldwide inquiry into the operations of news corp. by the u.s. department of justice. >> wow. someone who is not long news corp. may say they now have a two-front war here, michael. but more broadly, you look at walmart, th
the fbi has found no evidence so far that any phones were hacked inside the united states. but those payments to scotland yard police officers, over $100,000, that is being examined as to whether that's a violation of the foreign corrupt practices act, the anti-u.s. bribery law. in addition, in addition, there's a former news corp. subsidiary in russia called news outdoor russia that is being investigated by the fbi for whether they paid bribes to russian officials for the placement of...
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officers in new york and connecticut and this case centers upon a gentleman who was arrested by the fbi at his florida home this morning. he allegedly got inside information about an alzheimer's drug on trial in 2006 and 2007 being conducted jointly and he passed on that information to said hedge fund resulting in the ill gotten gains and in the process committed securities fraud among other accusations. we'll bring you more details as we have in this news just out this morning and there's a press conference later today at about 12:30. we'll bring you details. >> all right. already a busy month. thank you for that. we'll see you later on today. >>> big box retailer best buy reporting weaker than expected numbers just days before the unexpected start to the holiday season. for how much longer will it cut into profits? you won't want to miss what meg whitman has to say about that quarter and the autonomy write off at 10:40 eastern time. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight
officers in new york and connecticut and this case centers upon a gentleman who was arrested by the fbi at his florida home this morning. he allegedly got inside information about an alzheimer's drug on trial in 2006 and 2007 being conducted jointly and he passed on that information to said hedge fund resulting in the ill gotten gains and in the process committed securities fraud among other accusations. we'll bring you more details as we have in this news just out this morning and there's a...
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. >> fbi's investigating that, by the way. let's get to bob pisani. >> good morning and forget about stocks. the street is completely obsessed with ben bernanke and the idea that mr. bernanke must, must tip his hand to what he's going to do on qe3 and i ask, why? because, bob, he's got to do it at the july 31st meeting because if he waits until the september meeting, that's going to be too close to the election. i ask everyone, where is this written that the fed not do anything so close to the election. i think this theory is wrong. i think mr. bernanke needs to buy more time. i don't think he's under any particular come pulse to act. clearly, it's deteriorated. he may want to look r for more evidence of it getting worse and finally, they extended operation twist last month. i think this whole idea that this morning mr. bernanke is do or die is wrong. i think he'll give a nod to qe3, but i don't think he's going to come out with any aggressive statement. on goldman sachs, at least good enough and generally better than expected
. >> fbi's investigating that, by the way. let's get to bob pisani. >> good morning and forget about stocks. the street is completely obsessed with ben bernanke and the idea that mr. bernanke must, must tip his hand to what he's going to do on qe3 and i ask, why? because, bob, he's got to do it at the july 31st meeting because if he waits until the september meeting, that's going to be too close to the election. i ask everyone, where is this written that the fed not do anything so...
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the fbi, sec, and department of labors that jobs data could leak out. that's what this whole push at the department of labor is to clamp down on security. >> i can understand the federal reserve. department of labor? they sit there with armed guards around them? >> they actually brought in sandia national lab security folks. interestingly enough, they were for lack of a better word, they were kind of spying on us, the reporters, back in july of 2011 as they released this. they were conducting radio frequency sweeps of the building to make sure that no radio signals about the jobs number were leaking out in advance of the official release time, which as you guys know is 8:30 in the morn ing. they're concerned the information could leak out through technological means, mostly. they're focused on the press which have access to the jobs number in advance. they're scrutinizing that area and who has access to the numbers ahead of the 8:30. you could make a bunch of money if you knew that number ahead of time. >> i'd rather see a federal reserve judgment ahead
the fbi, sec, and department of labors that jobs data could leak out. that's what this whole push at the department of labor is to clamp down on security. >> i can understand the federal reserve. department of labor? they sit there with armed guards around them? >> they actually brought in sandia national lab security folks. interestingly enough, they were for lack of a better word, they were kind of spying on us, the reporters, back in july of 2011 as they released this. they were...
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. >> according to the fbi disgruntled employees can be more dangers to companies than they realize. >> in 2011 the u.s. department of justice pros kutsed 12,000 cases of insurance fraud. it's people who fake an illness and then collect the insurance or fake insurers who say, oh, aisle insure you, i'll collect the premiums and then when you get really sick, do not pay. it's an amazing heartbreaking story. catch it at 9:00 p.m. eastern right here on cnbc. >>> straight ahead, apple unveiling the new iphone 5 yesterday and many of the rumors describing it as true this time around. something surprising for a company that can keep a tight lid on it. "squawk" question for you. what is the best way for apple to keep its cree caretsecrets m forward? [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try o
. >> according to the fbi disgruntled employees can be more dangers to companies than they realize. >> in 2011 the u.s. department of justice pros kutsed 12,000 cases of insurance fraud. it's people who fake an illness and then collect the insurance or fake insurers who say, oh, aisle insure you, i'll collect the premiums and then when you get really sick, do not pay. it's an amazing heartbreaking story. catch it at 9:00 p.m. eastern right here on cnbc. >>> straight ahead,...
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special meeting to vote him out and the company is counter suing claiming an investigation by former fbi director freeh shows okada breached the duty moving to compete against wynn and secretly allegedly comping this high roller suite to philippine gaming authorities and against u.s. law and could put the gaming licenses at risk and this fight, folks, is really about competition in asia. wynn runs two casinos, wants to build a third and claims okada broken ground on a resort in manila. spending $2.3 billion on the project. hopes to turn $2 billion in sales in the first year of operation. that could hurt wynn and he doesn't like getting hurt. attorneys for both sides will be here shortly. one thing not in court yet, okada threatened legal action over his massive 20% stake in the resorts taken after the board determined he was quote unsuitable. we have yet to see him actually file a lawsuit over that share redemption. as for a shareholder meeting, okada says, quote, mr. wynn is exerting his control over the board to silence any dissent and to divert attention from the questions surrounding
special meeting to vote him out and the company is counter suing claiming an investigation by former fbi director freeh shows okada breached the duty moving to compete against wynn and secretly allegedly comping this high roller suite to philippine gaming authorities and against u.s. law and could put the gaming licenses at risk and this fight, folks, is really about competition in asia. wynn runs two casinos, wants to build a third and claims okada broken ground on a resort in manila. spending...
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. >> this famous fbi record came out after your book. he described mr. jobs as a conceptive individual who's not completely forthright and honest. >> it's a complexity that i talked about in the book. what i said about his early career, about the early '80s in apple. sometimes he would bend reality, for some people that just meant he lied to me, he manipulated me. he drove me to do things that i didn't want to do. steve said you can shave ten seconds off. the buy said no, no, no you don't understand, this is the way to do it and the guy shaved 38 seconds off. steve always did it, not north to get more profit for him, but to make more greater products, products that were insanely great. >> if you had to pick another great leader today, someone who maybe not the exact same mold as steve jobs, but someone who was an incredible leader who we need to keep our eye on who would it be? >> i think larry page coming back to google in a team with larry smith. i love wendell weeks. >> walter, what would steve job think of steve cook's idea to issue the dividend. he
. >> this famous fbi record came out after your book. he described mr. jobs as a conceptive individual who's not completely forthright and honest. >> it's a complexity that i talked about in the book. what i said about his early career, about the early '80s in apple. sometimes he would bend reality, for some people that just meant he lied to me, he manipulated me. he drove me to do things that i didn't want to do. steve said you can shave ten seconds off. the buy said no, no, no you...
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. >> fbi officials are investigating the incident. it's on the covers of all the papers this morning. "this is your captain freaking" was the "new york post." "jet ready to die." scary story. >> it is. we've been talking about that this morning. also been talking about the situation in corporate headlines at goldman sachs. senior executives within goldman sachs have talked about splitting the roles of ceo and chairman. this is according to reuters. gary cohn would take the ceo role. lloyd blankfein would be left with the chairman role. the company will be bowing to pressure from the country's largest labor unions. it will go ahead with plans, the union is withdrawing from splitting the jobs. goldman is agreeing to appoint and independent lead director who would then be in charge of evaluating the ceo's performance. >> the goldman statement does say that the board of directors and senior management have not had any discussions or conducted contingency planning around splitting the roles of chairman and ceo. >> a lot of back and forth.
. >> fbi officials are investigating the incident. it's on the covers of all the papers this morning. "this is your captain freaking" was the "new york post." "jet ready to die." scary story. >> it is. we've been talking about that this morning. also been talking about the situation in corporate headlines at goldman sachs. senior executives within goldman sachs have talked about splitting the roles of ceo and chairman. this is according to reuters. gary...
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the fbi notes a one-to-one correlation cannot be made between a firearm background check an an actual firearm sale. gun maker sales have increased in the most recent quarter. smith and wesson sales increases. analysts have spoken to -- actually, i think the gun debate will benefit gun retailers in the near term. fear of changing legislation appears to have caused a surge in demand in november. the latest fraj i did is expected to further increase demand for guns, though they are a relatively low margin product for the retailers. >> interesting and very strange to watch the stock suffer, even as sales are going up. thank you for that. by the way, we are waiting for the president. there's the look at the briefing room. he's going to speak on gun control at any moment. a statement on the policy process that the administration will pursue, they say, in the wake of the newtown tragedy. we'll see if we see the vice president there as well leading a task force on exploration of policy. in the meantime, the bank of japan concludes its two-day policy meeting tomorrow and is widely expected to
the fbi notes a one-to-one correlation cannot be made between a firearm background check an an actual firearm sale. gun maker sales have increased in the most recent quarter. smith and wesson sales increases. analysts have spoken to -- actually, i think the gun debate will benefit gun retailers in the near term. fear of changing legislation appears to have caused a surge in demand in november. the latest fraj i did is expected to further increase demand for guns, though they are a relatively...
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May 16, 2012
05/12
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. >> is the department of justice, the fbi -- >> get out of here. >> -- is this a good use of taxpayer money to be investigating. >> let me tell you about taxpayer department. the department of justice allowed ford, ted steven's conviction was an -- they withheld information, the prosecutors. where is the department of justice now in not putting these people in jail. they are scattered around. big report down. brendan sullivan sent me a report of it. read what they did. they are criminal. they falsified information to convict ted steven's. read what the judge said. he threw it out. the tragedy is steven's lost by then. >> do you enjoy when these windbags. >> maybe i'm a windbags. >> take senator carl levin. >> ben franklin. >> look it up in the dictionary. you see the demagoguing he's able, with the mileage he's getting out of this. he calls it depositor money that they gambling in a casino. and that's a -- we need -- >> that's absolutely totally wrong. and jamie can't fight back because guess what? he's got to live with these people. thank god they lose every once in a while. luger, w
. >> is the department of justice, the fbi -- >> get out of here. >> -- is this a good use of taxpayer money to be investigating. >> let me tell you about taxpayer department. the department of justice allowed ford, ted steven's conviction was an -- they withheld information, the prosecutors. where is the department of justice now in not putting these people in jail. they are scattered around. big report down. brendan sullivan sent me a report of it. read what they did....
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Feb 1, 2012
02/12
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back in 1988 you remember what it was like on the floor here when we had the fbi investigation. >> talk into my ring. >> they threw the riko statutes at those traders right away. >> i was at drexel. they threw riko statutes there too. >> why aren't they throwing riko statutes at mf now? >> the lawyer mind in me says there's no proof of wrong doing. but in both of those analogies, there was no proof, no trial at this stage either. why don't they dangle the riko out there? >> corzine obviously is connected to the right side. >> dumb question. sorry, viewers. >> in my opinion. >> let's go to another topic. charles plaser, philadelphia fed president. a lot of things he says i agree with. today he was doing interviews and one of his headlines in the wire services was, is that our goal was not to weaken the dollar. this says it all. listen, viewers, listeners, if i like to drive blindfolded on the eisenhower expressway during rush hour, i might not have intended to smash up my car, but it's going to get smashed, nonetheless. doesn't this really raise the philosophical issue why you and i alwa
back in 1988 you remember what it was like on the floor here when we had the fbi investigation. >> talk into my ring. >> they threw the riko statutes at those traders right away. >> i was at drexel. they threw riko statutes there too. >> why aren't they throwing riko statutes at mf now? >> the lawyer mind in me says there's no proof of wrong doing. but in both of those analogies, there was no proof, no trial at this stage either. why don't they dangle the riko out...
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Dec 24, 2012
12/12
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., fed, fbi alabama banking commission sig t.a.r.p. and the justice department has been questioning bank executives. regulators have warned 350 medical practices that they may have purchased potentially counterfeit botox from a network of wholesalers controlled by canada drugs. that's the problem. it's counterfeit. it's not working. >> is it no good? is it not botox? >> i'm asking a question. why it's not working. >> oh, oh, yeah. >> you are known for that razor sharp -- >> yeah. >> you're a print guy. take your time with these things. how long does it take to write a column? takes like five hours, right? >> yeah. a lot of time. >> i'm afraid of needles. i'm with you on that. but, i've thought about, have you ever had botox? >> no! >> what do you mean? >> i see it in irforehead. you have not with that expression. >> are you kidding? >> but my question, honestly, in a business sense, is the counterfeit botox does not work? it probably isn't real botox, then. and you would like to get real botox, because it can be botulism -- >> let me a
., fed, fbi alabama banking commission sig t.a.r.p. and the justice department has been questioning bank executives. regulators have warned 350 medical practices that they may have purchased potentially counterfeit botox from a network of wholesalers controlled by canada drugs. that's the problem. it's counterfeit. it's not working. >> is it no good? is it not botox? >> i'm asking a question. why it's not working. >> oh, oh, yeah. >> you are known for that razor sharp --...
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Aug 23, 2012
08/12
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coca-cola brought in the fbi to assist them in trying to figure out who was doing this. >> the question of course is what happens to the spy? will you have to wait until crime inc. airs tonight. secrets for sale premiers at 9 p.m. eastern. >> the recipe was sent by an employee to pepsi. >> it was a phone call to pepsi. >> right. >> from an employee, an administrative assistant, begrudged, who said i have something you might be interested in. let's meet at an airport, maybe an exchange of cash. >> did pepsi see the recipe? >> no. i mean, pepsi's response was to call the authorities. >> so it is not like they took a look and turned them in. >> we haven't seen is really, can't take it back. >> that's not really playing nice. >> it is interesting how easy and how many people have access to important information, intel, boeing, the space shuttle, all been targets of efforts like this and we talked to guys whose job it is to find the spy, once the company suspects there is one, to go in with bugs and thermal devices. >> i thought it was all about the folks that copy them. >> you mean somebody
coca-cola brought in the fbi to assist them in trying to figure out who was doing this. >> the question of course is what happens to the spy? will you have to wait until crime inc. airs tonight. secrets for sale premiers at 9 p.m. eastern. >> the recipe was sent by an employee to pepsi. >> it was a phone call to pepsi. >> right. >> from an employee, an administrative assistant, begrudged, who said i have something you might be interested in. let's meet at an...
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Jul 10, 2012
07/12
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some developments in the situation with pfg best, the brokerage house is now being investigated by the fbi. you will recall over night the nfa froze the company's assets saying they had $225 million in assets in the bank. they found only $5 million. jeffries & co. says it does have a relationship with the group and had conducted trades with them. however, none of its customers will be losing any money on this situation. it is not the first time that the company has been in trouble. earlier this year they were find $700,000 for not properly doing business with small independent brokers. we'll have more as the story develops. back to you over at the nyc. >> thank you very much. right now another big reveal in america's top stagts for business. all day today we're counting down the sixth annual exclusive study ranking all 50 states for competitiveness. senior core spornd ent scott cone is live in the top state. he is not revealing that. he has another in the meantime. scott. >> earlier this morning when we revealed north dakota as the number five state, it was raining here in the top state, a
some developments in the situation with pfg best, the brokerage house is now being investigated by the fbi. you will recall over night the nfa froze the company's assets saying they had $225 million in assets in the bank. they found only $5 million. jeffries & co. says it does have a relationship with the group and had conducted trades with them. however, none of its customers will be losing any money on this situation. it is not the first time that the company has been in trouble. earlier...
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Jul 12, 2012
07/12
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the fbi looked at the city's books and the state controller called the financial records the worst he's seen. >> i understand that we're sort of the banner child or for, you know, what not to do as an rda. but we're turning those things around. >> now, rda is a redevelopment agency. how are they turning it around? the mayor said it's selling assets. voters approved a sales tax hike. police accepted concession, but what's making it worse in california, the state with its own fiasco is holding on to more money than cities were expecting. >> the state of california said every city is supposed to get 7 cents of every tax dollar. hercules currently gets 3 cents on every tax dollar. >> until now defaults have been rare. only 30 of the 12,000 municipalities rated by moody's have junk status. "christian science monitor" says over 42 years there's only 42 that have defaulted. >> we are seeing growth in nonproperty tax revenues and i think some of the spending cuts that have been done in the past couple of fiscal years will bear more fruit going forward. >> well, she says expect more before this
the fbi looked at the city's books and the state controller called the financial records the worst he's seen. >> i understand that we're sort of the banner child or for, you know, what not to do as an rda. but we're turning those things around. >> now, rda is a redevelopment agency. how are they turning it around? the mayor said it's selling assets. voters approved a sales tax hike. police accepted concession, but what's making it worse in california, the state with its own fiasco...
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Jul 16, 2012
07/12
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whether there was any problem with morgan but they're certainly going to be looked at closely by the fbi and the d.o.j. in that regard. >> does it seem to you like -- we've seen some big settlements with big banks in the past couple of years, where the amount is $500 million. does this smell like something in that ballpark? >> certainly not if the problem is limited to misreporting the amount of the loss on the london whale trades. if it's deeper than that, then i think past penalties will be very little indication of the exposure because you're talking about trillions of dollars in market value with all of the interims set by libor. no one will be able to figure out what the banks' exposures are anytime soon. >> can i come back to the central question at jpmorgan? it is quite unusual for an organization to say its staff may have been criminal without actually accusing anybody within that organization of doing anything criminal. there's clearly a rush on the part of jamie dimon to isolate the c-suites. very little we could do about it, criminal activity. if that criminal activity is not
whether there was any problem with morgan but they're certainly going to be looked at closely by the fbi and the d.o.j. in that regard. >> does it seem to you like -- we've seen some big settlements with big banks in the past couple of years, where the amount is $500 million. does this smell like something in that ballpark? >> certainly not if the problem is limited to misreporting the amount of the loss on the london whale trades. if it's deeper than that, then i think past...
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Jul 9, 2012
07/12
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having spoken to ex-members of the fbi, general hayden, the cia, representative rogers who runs the house intelligence committee, and actual actors who have worked at corporations that have been breached, we try to bring you this story that's not been reported on, at least cohesively. you hear about certain parts of it here and there. you hear about data breaches, although they're not typically related to what is an advanced persistent threat by the chinese, meaning they get into a company's network and they just sit there and monitor everything and sift through everything they want and need and steal. virtual unlimited amounts of intellectual property. >> what is amazing is how they get in. and their tactics are so seemingly benign and yet it can cause such damage and such theft. for instance, they can e-mail a top executive. you can get e-mail addresses off the internet and say, we met at such-and-such conference. attached is a document or photo. they open it. it looks fine. but it allows them to get into the system -- >> you did a broader piece on cyber crime. >> so what's the end resu
having spoken to ex-members of the fbi, general hayden, the cia, representative rogers who runs the house intelligence committee, and actual actors who have worked at corporations that have been breached, we try to bring you this story that's not been reported on, at least cohesively. you hear about certain parts of it here and there. you hear about data breaches, although they're not typically related to what is an advanced persistent threat by the chinese, meaning they get into a company's...
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Oct 11, 2012
10/12
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. >> fbi may be making an arrest -- >> it does have that feel to. i'm not sure braunstein given the chain of command -- but at the same time he was the cfo. they have earnings tomorrow. that's what he and the market will be focused on whether it comes to jpmorgan. >> their stock has been red-hot. back down where it was pre-whale. it is kind of like "star trek," "save the whales." >> that is a good one. >> it was. >> all right. >>> coming up next -- real estate services giant has found a home here at the big board once again. the parent of coldwell banker and century 21's ceo will be here. >>> how can facebook succeed? meet the ceo of a company that might be the solution. >>> let's take another look at futures. looks like we are going to end -- or snap this losing streak we've been on. the dow looking at 60 points on the open. much more straight ahead. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to bu
. >> fbi may be making an arrest -- >> it does have that feel to. i'm not sure braunstein given the chain of command -- but at the same time he was the cfo. they have earnings tomorrow. that's what he and the market will be focused on whether it comes to jpmorgan. >> their stock has been red-hot. back down where it was pre-whale. it is kind of like "star trek," "save the whales." >> that is a good one. >> it was. >> all right. >>>...